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Financier, The
CHAPTER 34
Theodore Dreiser
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       _ The contrasting pictures presented by Cowperwood and Stener at this
       time are well worth a moment's consideration. Stener's face was
       grayish-white, his lips blue. Cowperwood, despite various solemn
       thoughts concerning a possible period of incarceration which this
       hue and cry now suggested, and what that meant to his parents,
       his wife and children, his business associates, and his friends,
       was as calm and collected as one might assume his great mental
       resources would permit him to be. During all this whirl of disaster
       he had never once lost his head or his courage. That thing
       conscience, which obsesses and rides some people to destruction,
       did not trouble him at all. He had no consciousness of what is
       currently known as sin. There were just two faces to the shield
       of life from the point of view of his peculiar mind-strength and
       weakness. Right and wrong? He did not know about those. They were
       bound up in metaphysical abstrusities about which he did not care
       to bother. Good and evil? Those were toys of clerics, by which
       they made money. And as for social favor or social ostracism which,
       on occasion, so quickly followed upon the heels of disaster of any
       kind, well, what was social ostracism? Had either he or his parents
       been of the best society as yet? And since not, and despite this
       present mix-up, might not the future hold social restoration and
       position for him? It might. Morality and immorality? He never
       considered them. But strength and weakness--oh, yes! If you had
       strength you could protect yourself always and be something. If
       you were weak--pass quickly to the rear and get out of the range
       of the guns. He was strong, and he knew it, and somehow he always
       believed in his star. Something--he could not say what--it was
       the only metaphysics he bothered about--was doing something for
       him. It had always helped him. It made things come out right at
       times. It put excellent opportunities in his way. Why had he
       been given so fine a mind? Why always favored financially,
       personally? He had not deserved it--earned it. Accident, perhaps,
       but somehow the thought that he would always be protected--these
       intuitions, the "hunches" to act which he frequently had--could
       not be so easily explained. Life was a dark, insoluble mystery,
       but whatever it was, strength and weakness were its two constituents.
       Strength would win--weakness lose. He must rely on swiftness of
       thought, accuracy, his judgment, and on nothing else. He was really
       a brilliant picture of courage and energy--moving about briskly in
       a jaunty, dapper way, his mustaches curled, his clothes pressed,
       his nails manicured, his face clean-shaven and tinted with health.
       In the meantime, Cowperwood had gone personally to Skelton C. Wheat
       and tried to explain his side of the situation, alleging that he
       had done no differently from many others before him, but Wheat was
       dubious. He did not see how it was that the sixty thousand dollars'
       worth of certificates were not in the sinking-fund. Cowperwood's
       explanation of custom did not avail. Nevertheless, Mr. Wheat saw
       that others in politics had been profiting quite as much as
       Cowperwood in other ways and he advised Cowperwood to turn state's
       evidence. This, however, he promptly refused to do--he was no
       "squealer," and indicated as much to Mr. Wheat, who only smiled
       wryly.
       Butler, Sr., was delighted (concerned though he was about party
       success at the polls), for now he had this villain in the toils
       and he would have a fine time getting out of this. The incoming
       district attorney to succeed David Pettie if the Republican party
       won would be, as was now planned, an appointee of Butler's--a young
       Irishman who had done considerable legal work for him--one Dennis
       Shannon. The other two party leaders had already promised Butler
       that. Shannon was a smart, athletic, good-looking fellow, all of
       five feet ten inches in height, sandy-haired, pink-cheeked, blue-eyed,
       considerable of an orator and a fine legal fighter. He was very
       proud to be in the old man's favor--to be promised a place on the
       ticket by him--and would, he said, if elected, do his bidding to
       the best of his knowledge and ability.
       There was only one fly in the ointment, so far as some of the
       politicians were concerned, and that was that if Cowperwood were
       convicted, Stener must needs be also. There was no escape in so
       far as any one could see for the city treasurer. If Cowperwood
       was guilty of securing by trickery sixty thousand dollars' worth
       of the city money, Stener was guilty of securing five hundred
       thousand dollars. The prison term for this was five years. He
       might plead not guilty, and by submitting as evidence that what
       he did was due to custom save himself from the odious necessity
       of pleading guilty; but he would be convicted nevertheless. No
       jury could get by the fact in regard to him. In spite of public
       opinion, when it came to a trial there might be considerable doubt
       in Cowperwood's case. There was none in Stener's.
       The practical manner in which the situation was furthered, after
       Cowperwood and Stener were formally charged may be quickly noted.
       Steger, Cowperwood's lawyer, learned privately beforehand that
       Cowperwood was to be prosecuted. He arranged at once to have his
       client appear before any warrant could be served, and to forestall
       the newspaper palaver which would follow it if he had to be searched
       for.
       The mayor issued a warrant for Cowperwood's arrest, and, in
       accordance with Steger's plan, Cowperwood immediately appeared
       before Borchardt in company with his lawyer and gave bail in twenty
       thousand dollars (W. C. Davison, president of the Girard National
       Bank, being his surety), for his appearance at the central police
       station on the following Saturday for a hearing. Marcus Oldslaw,
       a lawyer, had been employed by Strobik as president of the common
       council, to represent him in prosecuting the case for the city.
       The mayor looked at Cowperwood curiously, for he, being comparatively
       new to the political world of Philadelphia, was not so familiar
       with him as others were; and Cowperwood returned the look pleasantly
       enough.
       "This is a great dumb show, Mr. Mayor," he observed once to Borchardt,
       quietly, and the latter replied, with a smile and a kindly eye,
       that as far as he was concerned, it was a form of procedure which
       was absolutely unavoidable at this time.
       "You know how it is, Mr. Cowperwood," he observed. The latter
       smiled. "I do, indeed," he said.
       Later there followed several more or less perfunctory appearances
       in a local police court, known as the Central Court, where when
       arraigned he pleaded not guilty, and finally his appearance before
       the November grand jury, where, owing to the complicated nature
       of the charge drawn up against him by Pettie, he thought it wise
       to appear. He was properly indicted by the latter body (Shannon,
       the newly elected district attorney, making a demonstration in
       force), and his trial ordered for December 5th before a certain
       Judge Payderson in Part I of Quarter Sessions, which was the local
       branch of the State courts dealing with crimes of this character.
       His indictment did not occur, however, before the coming and going
       of the much-mooted fall election, which resulted, thanks to the
       clever political manipulations of Mollenhauer and Simpson (ballot-box
       stuffing and personal violence at the polls not barred), in another
       victory, by, however, a greatly reduced majority. The Citizens'
       Municipal Reform Association, in spite of a resounding defeat at
       the polls, which could not have happened except by fraud, continued
       to fire courageously away at those whom it considered to be the
       chief malefactors.
       Aileen Butler, during all this time, was following the trend of
       Cowperwood's outward vicissitudes as heralded by the newspapers
       and the local gossip with as much interest and bias and enthusiasm
       for him as her powerful physical and affectional nature would permit.
       She was no great reasoner where affection entered in, but shrewd
       enough without it; and, although she saw him often and he told her
       much--as much as his natural caution would permit--she yet gathered
       from the newspapers and private conversation, at her own family's
       table and elsewhere, that, as bad as they said he was, he was not
       as bad as he might be. One item only, clipped from the Philadelphia
       Public Ledger soon after Cowperwood had been publicly accused of
       embezzlement, comforted and consoled her. She cut it out and
       carried it in her bosom; for, somehow, it seemed to show that her
       adored Frank was far more sinned against than sinning. It was a
       part of one of those very numerous pronunciamientos or reports
       issued by the Citizens' Municipal Reform Association, and it ran:
       "The aspects of the case are graver than have yet been allowed
       to reach the public. Five hundred thousand dollars of the
       deficiency arises not from city bonds sold and not accounted
       for, but from loans made by the treasurer to his broker. The
       committee is also informed, on what it believes to be good
       authority, that the loans sold by the broker were accounted
       for in the monthly settlements at the lowest prices current
       during the month, and that the difference between this rate
       and that actually realized was divided between the treasurer
       and the broker, thus making it to the interest of both parties
       to 'bear' the market at some time during the month, so as to
       obtain a low quotation for settlement. Nevertheless, the
       committee can only regard the prosecution instituted against
       the broker, Mr. Cowperwood, as an effort to divert public
       attention from more guilty parties while those concerned may
       be able to 'fix' matters to suit themselves."
       "There," thought Aileen, when she read it, "there you have it."
       These politicians--her father among them as she gathered after
       his conversation with her--were trying to put the blame of their
       own evil deeds on her Frank. He was not nearly as bad as he was
       painted. The report said so. She gloated over the words "an
       effort to divert public attention from more guilty parties." That
       was just what her Frank had been telling her in those happy,
       private hours when they had been together recently in one place
       and another, particularly the new rendezvous in South Sixth Street
       which he had established, since the old one had to be abandoned.
       He had stroked her rich hair, caressed her body, and told her it
       was all a prearranged political scheme to cast the blame as much
       as possible on him and make it as light as possible for Stener and
       the party generally. He would come out of it all right, he said,
       but he cautioned her not to talk. He did not deny his long and
       profitable relations with Stener. He told her exactly how it was.
       She understood, or thought she did. Anyhow, her Frank was telling
       her, and that was enough.
       As for the two Cowperwood households, so recently and pretentiously
       joined in success, now so gloomily tied in failure, the life was
       going out of them. Frank Algernon was that life. He was the
       courage and force of his father: the spirit and opportunity of his
       brothers, the hope of his children, the estate of his wife, the
       dignity and significance of the Cowperwood name. All that meant
       opportunity, force, emolument, dignity, and happiness to those
       connected with him, he was. And his marvelous sun was waning
       apparently to a black eclipse.
       Since the fatal morning, for instance, when Lillian Cowperwood had
       received that utterly destructive note, like a cannonball ripping
       through her domestic affairs, she had been walking like one in a
       trance. Each day now for weeks she had been going about her duties
       placidly enough to all outward seeming, but inwardly she was
       running with a troubled tide of thought. She was so utterly unhappy.
       Her fortieth year had come for her at a time when life ought
       naturally to stand fixed and firm on a solid base, and here she was
       about to be torn bodily from the domestic soil in which she was
       growing and blooming, and thrown out indifferently to wither in
       the blistering noonday sun of circumstance.
       As for Cowperwood, Senior, his situation at his bank and elsewhere
       was rapidly nearing a climax. As has been said, he had had
       tremendous faith in his son; but he could not help seeing that
       an error had been committed, as he thought, and that Frank was
       suffering greatly for it now. He considered, of course, that Frank
       had been entitled to try to save himself as he had; but he so
       regretted that his son should have put his foot into the trap of
       any situation which could stir up discussion of the sort that was
       now being aroused. Frank was wonderfully brilliant. He need never
       have taken up with the city treasurer or the politicians to have
       succeeded marvelously. Local street-railways and speculative
       politicians were his undoing. The old man walked the floor all
       of the days, realizing that his sun was setting, that with Frank's
       failure he failed, and that this disgrace--these public charges--
       meant his own undoing. His hair had grown very gray in but a few
       weeks, his step slow, his face pallid, his eyes sunken. His rather
       showy side-whiskers seemed now like flags or ornaments of a better
       day that was gone. His only consolation through it all was that
       Frank had actually got out of his relationship with the Third
       National Bank without owing it a single dollar. Still as he knew
       the directors of that institution could not possibly tolerate the
       presence of a man whose son had helped loot the city treasury,
       and whose name was now in the public prints in this connection.
       Besides, Cowperwood, Sr., was too old. He ought to retire.
       The crisis for him therefore came on the day when Frank was arrested
       on the embezzlement charge. The old man, through Frank, who had it
       from Steger, knew it was coming, still had the courage to go to
       the bank but it was like struggling under the weight of a heavy
       stone to do it. But before going, and after a sleepless night,
       he wrote his resignation to Frewen Kasson, the chairman of the
       board of directors, in order that he should be prepared to hand
       it to him, at once. Kasson, a stocky, well-built, magnetic man of
       fifty, breathed an inward sigh of relief at the sight of it.
       "I know it's hard, Mr. Cowperwood," he said, sympathetically.
       "We--and I can speak for the other members of the board--we feel
       keenly the unfortunate nature of your position. We know exactly
       how it is that your son has become involved in this matter. He
       is not the only banker who has been involved in the city's affairs.
       By no means. It is an old system. We appreciate, all of us,
       keenly, the services you have rendered this institution during the
       past thirty-five years. If there were any possible way in which
       we could help to tide you over the difficulties at this time, we
       would be glad to do so, but as a banker yourself you must realize
       just how impossible that would be. Everything is in a turmoil.
       If things were settled--if we knew how soon this would blow over--"
       He paused, for he felt that he could not go on and say that he or
       the bank was sorry to be forced to lose Mr. Cowperwood in this way
       at present. Mr. Cowperwood himself would have to speak.
       During all this Cowperwood, Sr., had been doing his best to pull
       himself together in order to be able to speak at all. He had
       gotten out a large white linen handkerchief and blown his nose,
       and had straightened himself in his chair, and laid his hands
       rather peacefully on his desk. Still he was intensely wrought up.
       "I can't stand this!" he suddenly exclaimed. "I wish you would
       leave me alone now."
       Kasson, very carefully dressed and manicured, arose and walked
       out of the room for a few moments. He appreciated keenly the
       intensity of the strain he had just witnessed. The moment the
       door was closed Cowperwood put his head in his hands and shook
       convulsively. "I never thought I'd come to this," he muttered.
       "I never thought it." Then he wiped away his salty hot tears,
       and went to the window to look out and to think of what else to
       do from now on. _